Common use of When Applicable and Payable Clause in Contracts

When Applicable and Payable. The commission obligation applies to a Lease made during the Listing Period or any written extension of such original or extended term. The commission described in § 7. 1.1 is payable upon mutual execution of the Lease or possession, whichever occurs first, or N/A, as contemplated by § 7.3.1 or § 7.3.3, or upon fulfillment of § 7.3.2 where either the offer made by such tenant is not accepted by Landlord or by the refusal or neglect of Landlord to consummate the Lease as agreed upon.

When Applicable and Payable. The commission obligation applies to a Lease made during the Listing Period or any written extension of such original or extended term. The commission described in § 7. 1.1 is payable upon mutual execution of the Lease or possession, whichever occurs first, or N/A, as contemplated by § 7.3.1 or § 7.3.3, or upon fulfillment of § 7.3.2 where either the offer made by such tenant is not accepted by Landlord or by the refusal or neglect of Landlord to consummate the Lease as agreed upon.§